This market acts too perfect. More on this and what else to know in markets on Monday, February 6, 2023.
Innovation and business ingenuity are powerful wealth-creating forces that you don't want to miss out on. Amazon (NASDAQ: AMZN) and Advanced Micro Devices (NASDAQ: AMD) are two growing companies that are soundly beating the market in 2023. Amazon is already up 23%, while Advanced Micro Devices is up 32%.
The broad-based S&P 500 Index is up 9%, while the technology-heavy Nasdaq 100 is up 18% year to date (YTD), and we've barely made it out of January. After a brutal 2022 for growth and technology stocks, it looks like things may be finally turning the corner for investors, with inflation readings coming down and the United States economy escaping a recession (at least for now). Spotify (NYSE: SPOT), Tesla (NASDAQ: TSLA), and Amazon (NASDAQ: AMZN) are three stocks that led the stock market rally last month.